An easy way to check your work is to enter the information in a spreadsheet.

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Are there any bad checks shown in your checkbook registry? If so, which checks are bad? (See Example 3 and Example 4.)

Worked-Out Solution

To determine whether you have any bad checks, complete the entire registry. An easy way to do this is to enter the information into a spreadsheet.

From the spreadsheet, you can see that Check #220 resulted in a negative balance in your account. So, this was a "bad check."

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You forget to record check #217 (shown below) in your checkbook registry. Explain the consequences of this omission. (See Example 3 and Example 4.)

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The bad check policy at your bank is to return the bounced check to the vendor and charge your account $45 for each instance. Using the information in Excercise 12, find the actual balance in your checking account as of 7/8/12. (See Example 3 and Example 4.)

Worked-Out Solution

Because you forgot to record check #217 on 7/1/2012, your account did not have enough funds to cover checks #218, 219, and 220. Your bank returned all three checks and did not deduct the money from your account. Instead, your bank charged you $45 for each check and deducted that amount from your balance.

Your balance as of 7/8/2012 is $319.01. Remember, however, that you have not paid your car payment, electric bill, or cell phone bill.

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In addition to the bank charges in Exercise 13, each vendor shown in your checkbook registry charges a $35 penalty for an insufficient funds check. What is your total cost of bad check fees? (See Example 3 and Example 4.)

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